Energy Terms Glossary

The total amount of greenhouse gases, primarily carbon dioxide (CO2), emitted directly or indirectly by a business’s activities.

A financial investment in projects that reduce or remove greenhouse gas emissions to compensate for one’s own emissions.

A system that simultaneously generates electricity and useful heat from the same energy source, improving energy efficiency.

Companies responsible for managing and maintaining the electricity distribution network in specific regions.

Services responsible for collecting and aggregating consumption data from electricity meters for billing and analysis.

A strategy where businesses adjust their electricity consumption in response to price signals or requests from the grid operator to balance supply and demand.

An assessment of energy use in a business or facility to identify opportunities for energy efficiency improvements.

The practice of using less energy to perform the same tasks, reducing energy consumption and costs.

Software or hardware systems that monitor and control energy usage in a business to optimise efficiency.

A certification program that identifies energy-efficient products and building.

The interconnected network of electricity transmission and distribution lines and substations.

Organisations responsible for installing and maintaining electricity meters, often on behalf of energy suppliers.

A unique identifier for electricity meters at specific business premises.

A unique reference number for gas meters at specific business premises.

Achieving a balance between the amount of greenhouse gases produced and the amount removed from the atmosphere, resulting in no net contribution to climate change.

The maximum amount of electricity a business consumes at a specific time, typically during periods of high demand.

A measure of how efficiently electrical power is used in a business, with a high power factor indicating efficient usage.

Energy generated from renewable sources like wind, solar, hydro, or geothermal power, which is environmentally friendly and sustainable.

Categories used to classify greenhouse gas emissions. Scope 1 covers direct emissions, Scope 2 covers indirect emissions from purchased electricity, and Scope 3 covers other indirect emissions.

The pricing structure and terms of an energy contract, including rates, fees, and contract duration.